mn | jtk9203 - 1/17/2016 11:58
Economic activity in the U.S. overall will benefit from the oil price collapse. The decline will, however, negatively affect oil-producing states such as Texas and North Dakota.
Wall Street may be growing anxious about the negative impact of lower oil prices on energy producers, but the declines are delivering substantial benefits to American working-class families and retirees who have largely missed out on the fruits of the five-and-a-half-year economic recovery.
Your statement would be true if low oil was bringing down the cost of more than just gas and diesel. Americans aren't going to benefit from lower fuel costs alone. They would benefit from the price of all petroleum based products having a lower price. (tires, paint, engine oil, rubber products and a huge list of other things) The problem is the prices on those products are not going down. At least not significantly. Even shipping costs, which fuel is a big expense, has not gone down.
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What stocks and investments like low oil?
